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BreakingInflation May Reach 7%, RBI May Hike Rates by 1.5% Further: Report1/6
Topicin Personal Finance

Tax Litigation

Latest news, explainers and analysis on Tax Litigation. Tracking 2 stories on Arth Vani.

2 stories tracked

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Income Tax Return6Nirmala Sitharaman12Income Tax44

Latest on Tax Litigation

ITAT Quashes ₹1.34 Crore Tax Reassessment Over Missed Statutory Deadline
Breaking
Taxation

ITAT Quashes ₹1.34 Crore Tax Reassessment Over Missed Statutory Deadline

The Income Tax Appellate Tribunal (ITAT) has ruled in favor of a taxpayer, cancelling a ₹1.34 crore reassessment notice because it was issued after the legal deadline. This ruling reinforces that tax authorities must strictly adhere to the limitation periods set under the Income Tax Act.

2h ago·1 min readListen
ITR Filing: FM Sitharaman Directs Tax Officials to Allow Corrections for Genuine Mistakes
Breaking
Personal Finance

ITR Filing: FM Sitharaman Directs Tax Officials to Allow Corrections for Genuine Mistakes

Finance Minister Nirmala Sitharaman has instructed the Income Tax Department to support honest taxpayers by allowing them to rectify genuine errors. Ahead of the July 31 deadline, the FM emphasized a shift toward 'responsive governance' to reduce litigation and increase tax certainty.

77d ago·1 min readListen
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